Bookie Paddy Power already paying out on Clinton victory

Tuesday, October 18, 2016 14:13

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Irish bookmaker Paddy Power is already paying out 1mln euros ($1.1mln) to customers who bet on Hillary Clinton to win the US election – with three weeks still to go before American voters head to the polls, according to the company’s blog site.

The London-listed bookmaker said “recent revelations” about Donald Trump – the Republican candidate has been forced to reject allegations of unwelcome advances towards women – have caused his chances of victory to “plummet like the value of sterling”.

Paddy Power is currently offering odds of 9/2 for a Trump victory, representing an 18% chance. This has come down from 13/8 as recently as May, implying a 38% chance of victory.

Paddy Power is paying out on single bets placed on October 18 backing Clinton to enter the White House. Read more.